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OPEC


Through Grant smith at 6/10/2021 Click to enlarge LONDON (Bloomberg) – OPEC has predicted that the recovery in global oil demand will intensify in the second half of the year, as the group prepares to consider relaunching more interrupted production. Oil consumption will increase by about 5 million barrels per day – or about 5% …

The rebound in global oil demand is expected to accelerate in the second half of 2021 as the world continues to burn off the supply glut it accumulated last year, the Organization of the Petroleum Exporting Countries said on Thursday. . In its monthly market report, OPEC highlighted data showing that crude inventories in developed …

Canada’s oil and gas industry is increasingly optimistic about its near-term future as economies recover and oil prices recover. Yet the industry faces growing challenges in the medium to long term, primarily in the form of the never-ending battle over pipeline carrying capacity and the environmental and activist urgency of shareholders to hold the oil …

Muscat: The rise in Oman’s oil prices continued on Wednesday on the Dubai Mercantile Exchange (DME) to reach $ 71.38. This includes an increase of $ 1.78 from Tuesday’s price, which was $ 69.60. “The average price of Oman oil (June 2021 delivery) has stabilized at $ 63.10, which is $ 1.33 a barrel lower …

LONDON, June 8, 2021 / PRNewswire / – S&P Global Platts (“Platts”), the leading independent provider of information, analysis and benchmarking for the commodities and energy markets, today announced that Platts is become a data and information provider for the Organization of Petroleum Exporters Countries (OPEC), building on a long-term relationship. Saugata Saha, President of …

VIENNA, June 8, 2021 (WAM) – The OPEC Fund for International Development (OFID) has announced the signing of a US $ 10 million loan agreement with the Bank of Maldives. According to the Fund, the loan will be used to on-lend to small and medium-sized enterprises (SMEs) active in tourism and related services in the …

OPEC Secretary General Mohammad Barkindo delivers a speech in Vienna, Austria, November 5, 2019. Leonhard Foeger / Reuters OPEC and its allies expect oil stocks to continue falling in the coming months, the OPEC secretary general said on Monday, suggesting that producers’ efforts to support the market are bearing fruit. Oil stocks in developed countries …

Commodities traded mixed in the first week of June, with buying fatigue showing in both precious and industrial metals, while grains and especially the energy sector rose. Overall, the Bloomberg Commodity Spot Index hit a new ten-year high despite concerns that stronger-than-expected macro data from an overstimulated US economy could see the Federal Reserve start …

On June 2, 2021, OPEC, in collaboration with the African Energy Commission (AFREC), the African Organization of Petroleum Producers (APPO), the African Association of Refiners and Distributors (ARDA) and the African Chamber of Energy (AEC) hosted the first OPEC- Africa Energy Dialogue to promote continent-wide cooperation initiatives HE Mohammad Sanusi Barkindo is the Secretary General …

After, in recent months, crude oil prices have clearly recovered from their COVID-19 collapse on steadily increasing demand, Russian Deputy Prime Minister Alexander Novak addressed the much-anticipated decision-making in the next OPEC + conference scheduled for August and the expectation that it will decide to increase production significantly beyond the current pandemic-induced strategy of gradually …